Platinum Group Metals Market Growing at a CAGR of 3.09% During 2017 to 2021 Says a New Report at ReportsnReports.com

According to the global platinum group metals market report, one of the major drivers for this market is increasing use of PGMs in automobiles. PGMs are widely used in auto catalysts that reduce the emission of various hazardous gases such as CO2 and NO2 from vehicles. In addition, these metals are also used in other automobile components such as antilock braking systems, air bag initiators, and spark plugs.

The latest trend gaining momentum in the platinum group metals market is advances in technology. PGMs play a significant role in many technological innovations in many markets in recent years. These metals are used in the production of glass fiber for fiber optic cables, which helps in advanced telecommunication. PGMs are widely used in implants and tools in the medicine. They are also being considered a treatment option for cancer, and platinum is used as an active ingredient in chemotherapy drugs and also in the treatment of Parkinson's disease.

The following companies as the key players in the global platinum group metals market: Anglo American Platinum, Impala Platinum, JSC MMC Norilsk Nickel, Lonmin, and Stillwater Mining. Other prominent vendors in the market are: North American Palladium, African Rainbow Minerals, Eastern Platinum, Glencore Xstrata, Aquarius Platinum, and Johnson Matthey. Order a copy of Global Platinum Group Metals Market 2017-2021 research report at http://www.reportsnreports.com/purchase.aspx?name=958257.

Global Platinum Group Metals Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global platinum group metals market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of platinum group metals.

Related Reports:

Global Scrap Metal Shredder Market 2017-2021- One trend in market is growing sales of EVs. Over the past few years, the interest in electric vehicles (EVs) has increased in the US automotive sector. This is because manufacturers are introducing new EVs with advanced technology.

Global Precious Metals Market 2017-2021 - The analysts forecast global precious metals market to grow at a CAGR of 4.07% during the period 2017-2021. Precious metals are naturally occurring rare metallic chemical elements. They have high economic value. The precious metals considered in this report are silver, gold, palladium, and platinum.

ReportsnReports.com is an online market research reports library of 500,000+ in-depth studies of over 5000 micro markets. Not limited to any one industry, ReportsnReports.com offers research studies on agriculture, energy and power, chemicals, environment, medical devices, healthcare, food and beverages, water, advanced materials and much more.